Financial Daily from THE HINDU group of publications
Wednesday, Dec 25, 2002
Financial Daily from THE HINDU group of publications Wednesday, Dec 25, 2002 |
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Industry & Economy
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Economy Steel, cement drive core sector growth in April-Nov Our Bureau
NEW DELHI, Dec. 24 BUOYED by the stepped-up construction activity in the economy leading to higher offtake of steel and cement, the official index of six `core' infrastructure industries has registered a growth of 6.4 per cent during April-November 2002, against 1.3 per cent during the first eight months of the previous fiscal. The buoyancy has been led by cement and steel, with production of the former during April-November 2002, at 753.38 lakh tonnes, being 8.9 per cent higher than the output of 691.69 lakh tonnes for April-November 2001 and 665.40 lakh tonnes for April-November 2000. Production of finished steel, too, at 220.393 lakh tonnes during April-November 2002, was 7.7 per cent higher than the 204.655 lakh tonnes level for April-November 2001 and 201.065 lakh tonnes for April-November 2000. Output of refined petro-products rose by five per cent from 657.16 lakh tonnes in April-November 2001 to 690.23 lakh tonnes in April-November 2002, while amounting to 633.90 lakh tonnes in April-November 2000. Production of crude petroleum in the first eight months of the current fiscal, at 221.17 lakh tonnes was 4.2 per cent higher than the 212.35 lakh tonnes figure for April-November 2001 and 216.58 lakh tonnes for April-November 2000. Production of coal during April-November 2002, at 2,087 lakh tonnes, stood 4.8 per cent higher than the 1,990 lakh tonnes figure for April-November 2001 and 1,907 lakh tonnes for April-November 2000. The total electricity production during April-November 2002 was assessed at 351.777 billion units (kilowatt-hours), which was 6.4 per cent higher than the 330.641 billion units generated during the same period last year and the 329.859 billion units of April-November 2000.
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